Stock Market Today: S&P500 closes at record high after briefly topping 6,000

Investing.com-- The S&P500 closed at record highs Friday, after hitting unprecedented milestones intraday, spurred by ongoing optimism that a second Trump administration is likely to boost economic growth.Stocks racked up major gains for the week, with some on Wall Street touting further gains ahead.

Hartnett suggests that investors favor sectors expected to benefit from potential Trump-era policies, including financials, REITs, and small caps, with an emphasis on those less exposed to long-duration debt risks.The reading was highest since April, as consumers turned more bullish on the economy, expecting an improvement in personal finances.

Traders were seen pricing in a 76.1% chance the Fed will cut rates by another 25 basis points in December, and a 23.9% chance rates will remain unchanged,) climbed 15% after President-elect Donald Trump reiterated that he had no plans to sell stock of the social media company.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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